A lot of it comes down to what was probably agreed to with POS and Norlisk in the past. Now probably some of the terms and the price may have changed but POS management know they will have to get things moving along before we see much more Ni price increase.
You can't blame POS on this as it has been the Russians that have delayed the deal all along. I am sure Singleton thought the deal would be done and signed by now but it is beyond his control.
POS will have other backups in place but will be getting critical for a decision very soon.
As I said before as long as the other Norlisk mines remain closed that is still a good sign.
2 of the 3 floors of Norlisk office in West Perth are still on the market to be rented out. That isn't a sign of a company ramping up IMO.
no news bad news, page-2
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0.4¢ |
Change
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Mkt cap ! $14.63M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 110 | 66704834 | 0.3¢ |
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| Price($) | Vol. | No. |
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| POS (ASX) Chart |